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Financial accounting for managers 1)Understanding corporate Balance sheet 11)AS-17 2)Understanding corporate P/L account 12)AS-18 3)Notes to accounts 13)AS-21 4)AS-1 14)AS-28 5)AS-3 15)AS-29 6)Auditors report 16)Common size statements 7)Directors report 17)Comparative financial statements 8)Corporate governance report 18)Ratio analysis-profitability,turnover,liquidity,leverage,solvency,capital market ratios 9)AS-2 19)Du Pont analysis 10)AS-9 20)FFS
Topic number-15 : AS-29 (provisions for contingent liabilities) Presented by Amit Dinesh kumar. J
Points to be noted for AS-29 ,[object Object],[object Object],[object Object]
Contd., ,[object Object],[object Object]
Provisions ,[object Object],[object Object],[object Object],[object Object]
Disclosure   ,[object Object],[object Object],[object Object],[object Object],[object Object]
Disclosure   ,[object Object],[object Object],[object Object],[object Object]
Example   ,[object Object]
Balance sheet of Y ltd as on 31 st  march, 2011 Liabilities Rs  Assets  Rs  Current liabilites: Current assets Bank overdraft xxx Cash in hand xxx B/P xxx Cash at bank xxx Outstanding expenses xxx B/R xxx Sundry creditors xxx Sundry debtors xxx Income received in advance xxx Prepaid expenses xxx Accrued income xxx Closing stock xxx Long term liabilities: Fixed assets: loan xxx Furniture and fixture xxx Capital: opening balance xxx Plant machinery xxx Net profit xxx building xxx Net loss land xxx drawing xxx goodwill xxx
[object Object]
 

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As 29

  • 1. Financial accounting for managers 1)Understanding corporate Balance sheet 11)AS-17 2)Understanding corporate P/L account 12)AS-18 3)Notes to accounts 13)AS-21 4)AS-1 14)AS-28 5)AS-3 15)AS-29 6)Auditors report 16)Common size statements 7)Directors report 17)Comparative financial statements 8)Corporate governance report 18)Ratio analysis-profitability,turnover,liquidity,leverage,solvency,capital market ratios 9)AS-2 19)Du Pont analysis 10)AS-9 20)FFS
  • 2. Topic number-15 : AS-29 (provisions for contingent liabilities) Presented by Amit Dinesh kumar. J
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  • 9. Balance sheet of Y ltd as on 31 st march, 2011 Liabilities Rs Assets Rs Current liabilites: Current assets Bank overdraft xxx Cash in hand xxx B/P xxx Cash at bank xxx Outstanding expenses xxx B/R xxx Sundry creditors xxx Sundry debtors xxx Income received in advance xxx Prepaid expenses xxx Accrued income xxx Closing stock xxx Long term liabilities: Fixed assets: loan xxx Furniture and fixture xxx Capital: opening balance xxx Plant machinery xxx Net profit xxx building xxx Net loss land xxx drawing xxx goodwill xxx
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